Silver Oak Securities Incorporated Acquires New Position in Ares Capital Co. (NASDAQ:ARCC)

Silver Oak Securities Incorporated bought a new stake in Ares Capital Co. (NASDAQ:ARCC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,139 shares of the investment management company's stock, valued at approximately $310,000.

Several other institutional investors also recently modified their holdings of ARCC. Horizon Financial Services LLC bought a new position in shares of Ares Capital in the third quarter worth $28,000. Blue Trust Inc. boosted its holdings in shares of Ares Capital by 56.8% in the third quarter. Blue Trust Inc. now owns 2,510 shares of the investment management company's stock worth $52,000 after acquiring an additional 909 shares during the period. Quarry LP bought a new position in shares of Ares Capital in the third quarter worth $67,000. Centennial Bank AR bought a new position in shares of Ares Capital in the third quarter worth $102,000. Finally, Avior Wealth Management LLC boosted its holdings in shares of Ares Capital by 19.6% in the fourth quarter. Avior Wealth Management LLC now owns 4,900 shares of the investment management company's stock worth $107,000 after acquiring an additional 803 shares during the period. 27.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ARCC shares. JPMorgan Chase & Co. raised their price target on Ares Capital from $23.00 to $24.50 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company lowered their price target on Ares Capital from $24.00 to $23.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Raymond James downgraded Ares Capital from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 6th. B. Riley raised their price target on Ares Capital from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods raised their price target on Ares Capital from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ares Capital has a consensus rating of "Moderate Buy" and an average price target of $22.94.

Ares Capital Trading Up 0.9 %

Shares of ARCC traded up $0.21 during mid-day trading on Wednesday, hitting $22.91. 3,471,341 shares of the company's stock traded hands, compared to its average volume of 4,609,776. The business's 50-day moving average price is $22.43 and its 200-day moving average price is $21.56. Ares Capital Co. has a 1 year low of $19.32 and a 1 year high of $23.84. The firm has a market capitalization of $15.38 billion, a P/E ratio of 9.35 and a beta of 1.01. The company has a quick ratio of 1.29, a current ratio of 1.21 and a debt-to-equity ratio of 1.03.

Ares Capital (NASDAQ:ARCC - Get Free Report) last released its earnings results on Wednesday, February 5th. The investment management company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.03). Ares Capital had a net margin of 50.90% and a return on equity of 11.54%. As a group, sell-side analysts forecast that Ares Capital Co. will post 2.2 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date is Friday, March 14th. Ares Capital's dividend payout ratio is presently 78.37%.

Ares Capital Company Profile

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.